S Corporations: How to Calculate Shareholder Basis
Friday, April 11, 2025
8-9:50 a.m. Central
2 CPE (2 technical) | 2 IRS CE
Course code: 25WA-0344
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Online registration is not available due to server maintenance.
Please call 952-831-2707 between 7:30 a.m. and 4:30 p.m. Central to register.
A detailed analysis of the calculations related to determining a shareholder's tax basis for S corporation shares and loans. How to use the Form 1120S, Schedule K-1 information for basis determination. An illustrative example demonstrates how the process works, as well as the many potential pitfalls.
- Please Note: If you need credit reported to the IRS for this IRS approved program, please download the IRS CE request form on the Course Materials Tab and submit to kori.herrera@acpen.com.
Major subjects
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Discuss the calculation of basis when the entity is formed including the impact of contributed property
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Explain the importance of shareholder loans to the entity
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Uses a comprehensive example to illustrate the mechanics of the basis determination process
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Discuss how basis is impacted by distributions of corporation property
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Explain how basis is impacted by sale/or liquidation of the S corporation interest
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Discuss how S corporation losses impact Form 1040 Schedule E reporting
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Show how to get from the Schedule K-1 information to the basis calculations
Learning objectives
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Identify the tax issues related to S corporation owner's basis for shares and loans from formation through operations and concluding with sale and/or liquidation
Who should take this program?
- CPAs working in public accounting firms and/or working for S corporations
Pricing
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$79.00
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